This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
1-bedroom, 1-bathroom apartment of 50 m², energy rating D. Located on rua Vitorino Nemésio, 128, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment boasts two versatile balconies, one closed with Sunblock film, enhancing thermal comfort and energy efficiency while providing outdoor space for relaxation.
The valuation. The asking price of €239,000 is significantly above fair value, which is estimated at €169,172, indicating an overpriced property by €69,828 (29.2%). Buy-to-flip angle. This property could be flipped after minor cosmetic upgrades to attract buyers willing to pay a premium, optimizing the resale price above the current asking. Buy-to-let angle. With an estimated rental income of €876/month, this yields a gross yield of 4.4%, making it a viable option for long-term rental investment in a tourist-centric area.
Fair value modelled at €169,172 from the area baseline, adjusted for condition and location. Asking €239,000 sits €69,828 (29.2%) above — overpriced versus fair value.
Asking €239,000 versus the rua Vitorino Nemésio, 128 area baseline of €172,500 (€3,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 75 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 60 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Vitorino Nemésio, 128
Area baseline €172,500 + condition +€3,516 + location +€13,956 = modelled fair value of €169,172 (€3,383/m²), a €69,828 (29.2%) gap versus the €239,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vitorino Nemésio, 128 | Subject | €239,000 | €4,780 | — | 75 | 73 |
| beco José Ramos Pimenta S / N | Active | €188,000 | €4,087 | 14.5% | 82 | 62 |
| Albufeira e Olhos de Água · ba5a7b | Active | €250,000 | €3,906 | 18.3% | 70 | 70 |
| Albufeira e Olhos de Água · ba58bd | Active | €202,500 | €3,616 | 24.3% | 74 | 65 |
| rua dos Mares | Active | €250,000 | €3,731 | 21.9% | 75 | 73 |
| Median comp | €226,250 | €3,819 | 20.1% | 75 | 68 |
Short-term vacation rental The 1-bed apartment in Albufeira e Olhos de Água, priced at €239,000, exceeds the fair value by 29.2%, making it less attractive for short-term vacation rental investors. With a gross yield of only 4.4%, the potential returns do not warrant the elevated asking price in this tourism-focused market. Long-term rental Investing in this property for long-term rental purposes is not advisable, as it is overpriced at €239,000 compared to the fair value of €169,172. Given the yield of 4.4% and the overall neighborhood rating of 73/100, the investment does not align with optimal long-term rental strategies. Buy-and-hold The buy-and-hold strategy is questionable for this 1-bed apartment since it is currently priced at €239,000, significantly above its fair market value of €169,172. The expected yield of 4.4% further illustrates that holding onto this property may not provide favorable financial growth in the long run.
Potential Economic Downturn The economic stability score of 60/100 suggests a risk of market fluctuations that could affect rental income and property value negatively.
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